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Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase - Should You Buy?

Barratt Redrow logo with Construction background

Key Points

  • Barratt Redrow plc experienced a significant increase in trading volume, with approximately 80,287 shares traded, representing a 227% rise from the previous session.
  • Kepler Capital Markets has upgraded Barratt Redrow to a "strong-buy" rating, indicating increased confidence in the stock's future performance.
  • The stock last traded at $9.98, and its fifty-day moving average is $11.82, suggesting potential room for price recovery.
  • Need better tools to track Barratt Redrow? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 80,287 shares traded hands during trading, an increase of 227% from the previous session's volume of 24,555 shares.The stock last traded at $9.98 and had previously closed at $9.91.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Barratt Redrow to a "strong-buy" rating in a research report on Wednesday, July 23rd.

View Our Latest Stock Report on Barratt Redrow

Barratt Redrow Stock Performance

The stock's 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $11.54.

About Barratt Redrow

(Get Free Report)

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.

Further Reading

Should You Invest $1,000 in Barratt Redrow Right Now?

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